ENCAD Secures Agreement with Sir Speedy to Provide Wide-Format Printers
Press release from the issuing company
SAN DIEGO, May 31, 2001 - ENCAD (NASDAQ: ENCD) a leading innovator in wide-format, color inkjet printers, ink, and media announced today that it has signed an agreement with Sir Speedy, Inc., to provide NovaJet wide-format, color printers to Sir Speedy franchisees throughout the U.S. and Canada. Sir Speedy is one of the world's largest and most successful franchisors of printing, copying, and digital network services.
Under the terms of the agreement, Sir Speedy franchisees enjoy special pricing and support on the full line of ENCAD NovaJet wide-format printers as well as ink, media, and RIP technology. This agreement is expected to produce new revenue for franchisees that offer their customers outdoor banners, indoor posters and signs, or photographic reproduction images.
"The productivity features of ENCAD's NovaJet wide-format printers enable print providers to produce more signs and graphics per day," stated Terry Vandewarker, President & CEO, ENCAD, Inc. "This agreement also provides Sir Speedy franchisees with instant wide-format printer brand name recognition allowing them to expand their digital printing capabilities. It's a great example of two industry leaders working together to provide a solution to the consumer." Each franchisee will also receive a customized job calculator enabling them to immediately calculate project costs and completion times based on ink saturation.
"We are always looking for technology that has the potential to increase sales opportunities for Sir Speedy centers," said Dan Beck, President of Sir Speedy. "We hope that this agreement will enable our network of centers to broaden the number of solutions available to our customers."
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